Affordability pyramid shows many can’t afford to buy homes

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August 22, 2014

NAHB Economics revised its affordability pyramid to reflect the new 2014 Priced Out estimates. They found that the pyramid is bottom heavy, meaning that many American households have a relatively modest income, and the homes they can afford are also relatively modest. For example, in 2014, 31 million households in the U.S. are estimated to have incomes lower than the threshold of $26,695 needed to afford a $100,000 home.

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